Lancashire Holdings

Director's Dealing • Feb 24, 2022

National Storage Mechanism | Additional information

LANCASHIRE HOLDINGS LIMITED - Director/PDMR Shareholding

PR Newswire

London, February 24

Lancashire Holdings Limited

(the “Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company announces that, on 23 February 2022, Alex Maloney, Executive Director and Chief Executive Officer, exercised 183,905 Restricted Share Awards (“RSS awards”) granted as nil-cost options over the Company’s common shares of US$0.50 each. These RSS awards were granted under the LHL Restricted Share Scheme Performance Awards and Bonus Deferral Plan.

Mr. Maloney sold 86,673 of the resulting shares at the price shown below to cover the tax, national insurance and fees arising as a result of the exercise and retained the balance of 97,232 shares. The exercise was satisfied using existing shares in issue held by the Lancashire Holdings Limited Employee Benefit Trust.

Following this transaction, Mr. Maloney has an interest in the Company of 884,802 common shares (which includes 155,722 shares held via a connected person), representing 0.3626%.

The notification made in accordance with the requirements of UK MAR, provides further detail:

1Details of the person discharging managerial responsibilities/person closely associateda)NameAlex Maloney2Reason for the notificationa)Position/statusExecutive Director and Group Chief Executive Officerb)Initial notification/AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameLancashire Holdings Limitedb)LEI 5493002UNUYXLHOWF7524(i)Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument

Identification codeCommon Shares of US$0.50 each

ISIN: BMG5361W1047b)Nature of the transactionAcquisition of shares on exercise of 183,905 Restricted Share Awards (“RSS awards”) granted as nil-cost options over common shares of US$0.50 each. These RSS awards were granted under the LHL Restricted Share Scheme Performance Awards and Bonus Deferral Plan.c)Price(s) and volume(s)

Price(s)	Volume(s)
nil	183,905 shares acquired on exercise of RSS awards

d)Aggregated information

Aggregate Volume

Price

183,905

Nile)Date of the transaction 2022-02-23f)Place of the transaction (XLON) London Stock Exchange – Regulated Market4(ii)Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument

Identification codeCommon Shares of US$0.50 each

ISIN: BMG5361W1047b)Nature of the transactionSale of 86,673 shares to cover tax liabilities and fees on exercise of 183,905 Restricted Share Awards (“RSS awards”) granted as nil-cost options over common shares of US$0.50 eachc)Price(s) and volume(s)

Price(s)	Volume(s)
£4.9921	86,673 shares sold to cover tax liabilities

d)Aggregated information

Aggregate Volume

Aggregate Price

86,673

£ 432,680.28e)Date of the transaction 2022-02-23f)Place of the transaction (XLON) London Stock Exchange – Regulated Market

Name of authorised official of issuer for making notification

Christopher Head Company Secretary 24 February 2022	+44 20 7264 4145 chris.head@lancashiregroup.com